Real Estate

An 18,000 square-foot industrial building in Riverside has been sold for $3.7 million. The structure, located at 887 Marlborough Ave., was sold by New Power Inc. in Riverside to a private investor, according to Avison Young Ontario. New Power Inc., which Avison Young represented, is a solar power company. It …

Sales of existing, single-family detached homes in California totaled 428,980 in July, the California Association of Realtors reported Monday. That figure, taken from more than 90 commercial real estate brokerages and multiple listing services statewide, was down 1.6 percent from June and two percent year-over-year, according to the Los Angeles-based …

A year-round horror museum retail shop will soon open near Montclair Place. Art’s Sideshow has leased 3,150 square feet in a neighborhood retail center at Moreno and Vernon avenues slightly east of Montclair Place, according to Progressive Real Estate Partners in Rancho Cucamonga. The location, the company’s first “brick and …

Four-point seven percent of all U.S. mortgages were in some stage of delinquency – at least 30 days past due – in May, according to data released today. That was a 2.6 percent decline compared with May 2020, when the national delinquency rate was 7.3 percent, Irvine-based CoreLogic reported. Early-stage …

Two multifamily properties in Moreno Valley have been sold for $107 million. Tower 16 Capital Partners in San Diego bought the 384-unit Sienna Pointe Apartments, 13933 Chagall Court and the 120-unit Heacock Park Apartments, 13325 Heacock St., according to a statement. Both were purchased off-market from a private investor whose name …

A dental office building in Palm Desert has been sold for $4.3 million. The property, at 72415 Park View Drive, consists of a 9,257 square-foot building that sits on 1.5 acres, according to CBRE. CBRE represented the buyer, Wilson Meade Commercial Real Estate in Rancho Mirage represented the seller. Both parties …